Alimentation Couche-Tard (TSE:ATD.A) Stock Price Up 1.6% – Here’s What Happened

Alimentation Couche-Tard Inc (TSE:ATD.A)’s stock price shot up 1.6% during mid-day trading on Monday . The stock traded as high as C$49.79 and last traded at C$49.63. 36,229 shares were traded during trading, an increase of 20% from the average session volume of 30,192 shares. The stock had previously closed at C$48.84.

Alimentation Couche-Tard Stock Performance

The company has a debt-to-equity ratio of 74.62, a current ratio of 1.53 and a quick ratio of 1.07. The company has a 50-day moving average price of C$49.63. The firm has a market cap of C$52.79 billion and a price-to-earnings ratio of 15.99.

Insider Activity

In other news, Director Jørn Madsen purchased 16,500 shares of the stock in a transaction dated Thursday, October 10th. The stock was acquired at an average cost of C$73.98 per share, for a total transaction of C$1,220,686.50.

About Alimentation Couche-Tard

Alimentation Couche-Tard Inc operates and licenses convenience stores. Its convenience stores sell tobacco products, grocery items, beverages, and fresh food offerings; road transportation fuel; and stationary energy, marine fuel, aviation fuel, and chemicals. The company operates its convenience store and road transportation fuel retailing chain under various banners, including Circle K, Couche-Tard, Holiday, Ingo, Mac's, Re.Store, and Topaz.